Medicaid and Medicare Debacles

Congress created Medicare and Medicaid in 1965, Politicians kept expanding benefits, while talking about controlling costs. Yet costs kept skyrocketing.

This couldn’t happen in private business because of the likelihood of bankruptcy. But government intervention prolonged losses and made matters much worse and expensive. As long as taxpayers continued to pay the bills. Eventually enormous amounts have been paid.

This same government failure, as we see with fraud-infested Medicare and Medicaid, is on the menu with ObamaCare. (See the Earl J Weinreb NewsHole® comments and @BusinessNewshole tweets.)